Press Release

FelCor Lodging Trust Incorporated (NYSE: FCH), owns a diversified portfolio of primarily upper-upscale and luxury hotels that are located in major urban and resort markets. FelCor partners with top hotel companies that operate its properties under globally recognized names and as premier independent hotels.

FelCor LP received consents from holders of $462,396,000 in aggregate
principal amount of Notes, representing 97.35% in aggregate principal
amount of the Notes outstanding. FelCor LP undertook the consent
solicitation at the request and expense of RLJ Lodging Trust (NYSE: RLJ)
(“RLJ”) in accordance with the terms of the Agreement and Plan of Merger
(the “Merger Agreement”), among RLJ, RLJ Lodging Trust, L.P. (“RLJ LP”),
Rangers Sub I, LLC, a wholly owned subsidiary of RLJ LP (“REIT Merger
Sub”), Rangers Sub II, LP, an indirect wholly owned subsidiary of RLJ LP
(“Partnership Merger Sub”), FelCor and FelCor LP, providing for the
merger of Partnership Merger Sub with and into FelCor LP, with FelCor LP
surviving as a wholly owned subsidiary of RLJ LP (the “Partnership
Merger”), and immediately thereafter, the merger of FelCor with and into
REIT Merger Sub, with REIT Merger Sub surviving as a wholly owned
subsidiary of RLJ LP (together with the Partnership Merger, the
“Mergers”).

In conjunction with receiving the requisite consents, FelCor LP, FelCor,
the guarantors party thereto and U.S. Bank National Association, a
national banking association, as trustee, entered into the first
supplemental indenture (the “First Supplemental Indenture”) to the
indenture governing the Notes, dated as of May 21, 2015 (as supplemented
and amended, the “Indenture”), to provide that FelCor LP’s obligation
under the Indenture to make a “Change of Control Offer” (as defined in
the Indenture) will not apply to the Mergers or the other transactions
contemplated by the Merger Agreement and to add certain definitions
relating to the Mergers (the “Proposed Amendment”). The First
Supplemental Indenture became effective immediately upon execution, but
the First Supplemental Indenture and the Proposed Amendment will not
become operative until immediately preceding the effective time of the
Partnership Merger, and the Consent Fee of $2.50 per $1,000 principal
amount of the Notes will only be paid upon consummation of the Mergers,
which is expected to occur on or about August 31, 2017.

The information presented herein may contain forward-looking statements.
These forward-looking statements, which are based on current
expectations, estimates and projections about the industry and markets
in which FelCor and RLJ operate and beliefs of and assumptions made by
FelCor management and RLJ management, involve significant risks and
uncertainties, which are difficult to predict and are not guarantees of
future performances, that could significantly affect the financial
results of FelCor or RLJ or the combined company after the proposed
Mergers. Words such as “projects,” “will,” “could,” “continue,”
“expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “forecast,” “guidance,” “outlook,” “may,” and “might” and
variations of such words and similar expressions are intended to
identify such forward-looking statements, which generally are not
historical in nature. FelCor’s ability to predict results or the actual
effect of future events, actions, plans or strategies is inherently
uncertain. Although FelCor believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, FelCor
can give no assurance that its expectations will be attained and
therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such forward-looking statements. Some of
the factors that may materially and adversely affect FelCor’s or the
combined company’s business, financial condition, liquidity, results of
operations and prospects, include, but are not limited to: (i) national,
regional and local economic climates, (ii) changes in the real estate
industry, financial markets and interest rates, or to the business or
financial condition of either company or business, (iii) increased or
unanticipated competition for the companies’ properties, (iv) risks
associated with acquisitions, including the integration of the combined
companies’ businesses, (v) the potential liability for the failure to
meet regulatory requirements, including the maintenance of REIT status,
(vi) availability of financing and capital, (vii) risks associated with
achieving expected revenue synergies or cost savings, (viii) risks
associated with the companies’ ability to consummate the Mergers and the
timing of the closing of the Mergers, (ix) the outcome of any claims and
litigation involving or affecting either company, (x) applicable
regulatory changes, and (xi) those additional risks and factors
discussed in reports filed with the SEC by FelCor and RLJ from time to
time, including those discussed under the heading “Risk Factors” in
FelCor’s Quarterly Report on Form 10-Q for the quarter ended March 31,
2017 and FelCor and RLJ’s other filings with the SEC. Neither FelCor nor
RLJ, except as required by law, undertakes any duty to update any
forward-looking statements appearing in this document or any other
document, whether as a result of new information, future events or
otherwise. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof.
Holders should evaluate any statements made by or on behalf of FelCor or
their representatives in light of these important considerations.

Additional Information about the Proposed
Merger and Where to Find It

This communication relates to the proposed transaction pursuant to the
terms of the Agreement and Plan of Merger, dated as of April 23, 2017,
by and among RLJ, FelCor and the other entities party thereto. In
connection with the proposed merger, RLJ has filed with the SEC a
registration statement on Form S-4 (File No. 333-218439) and RLJ and
FelCor have filed with the SEC a definitive joint proxy
statement/prospectus, which was first mailed to security holders of RLJ
and FelCor on July 18, 2017, as supplemented by a Form 8-K filed on
August 7, 2017. RLJ and FelCor also plan to file other relevant
documents with the SEC regarding the proposed transaction. INVESTORS ARE
URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of
the joint proxy statement/prospectus and other relevant documents (if
and when they become available) filed by RLJ and FelCor with the SEC at
the SEC's website at www.sec.gov.
Copies of the documents filed by RLJ with the SEC will be available free
of charge on RLJ's website at www.rljlodgingtrust.com
or by emailing RLJ Investor Relations at ir@rljlodgingtrust.com or
at 301-280-7774. Copies of the documents filed by FelCor with
the SEC will be available free of charge on FelCor's website at www.felcor.com or
by contacting FelCor Investor Relations at asalami@felcor.com or
at 972-444-4967.

Certain Information Regarding Participants

RLJ and FelCor and their respective trustees, directors and executive
officers and other members of management and employees may be deemed to
be participants in the solicitation of proxies in respect of the
proposed merger. You can find information about RLJ’s executive officers
and Trustees in RLJ’s definitive proxy statement filed with the SEC on
March 28, 2017 in connection with its 2017 annual meeting of
shareholders and in Form 4s of RLJ's trustees and executive officers
filed with the SEC. You can find information about FelCor’s executive
officers and directors in Amendment No. 1 to FelCor’s Annual Report on
Form 10-K for the year ended December 31, 2016 on Form 10-K/A filed with
the SEC on April 28, 2017. Additional information regarding the
interests of such potential participants will be included in the joint
proxy statement/prospectus and other relevant documents filed with
the SEC if and when they become available. You may obtain free copies of
these documents from RLJ or FelCor using the sources indicated above.

No Offer or Solicitation

This document shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements
of Section 10 of the U.S. Securities Act of 1933, as amended.